Simple sell rules can save your day
Vishal Sikka’s shocking exit from the position of CEO and MD of Infosys dealt a severe blow to the Company’s market value. Following the news, Infosys’ shares dropped 14.4% over two trading sessions, wiping off almost INR 34,000 crore from investors’ wealth.
Before Sikka took over the charge in 2014, Infosys was reeling under pressure due to poor growth and high attrition. Market participants were expecting Sikka to turn things around at Infosys and he was successful to a large extent.
Infosys’ revenues and earnings grew at 23% and 16% y/y, respectively, in Q4 FY 2016, the fastest pace in two years. Further, the stock broke into new highs in April 2016 after a long period of consolidation. Continue reading “Infosys: Why Timing Your Exit is Crucial?”